Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

31
Posts
10
Votes
Luis Gonzalez
  • Wholesaler
  • Oklahoma City, OK
10
Votes |
31
Posts

How to buy a rental using a HML then refi with a bank

Luis Gonzalez
  • Wholesaler
  • Oklahoma City, OK
Posted
Hi, I'm curious if anyone could help me figure out the process on using a hard money loan here in Oklahoma City to purchase a rental property and then refinance with a bank to pay back the hard money loaner. Is there a specific time I need to wait before I can refinance, if I have absolutely no money to put it will a lender lend to me and do they loan for the rehab as well or just to purchase?

Most Popular Reply

User Stats

116
Posts
81
Votes
Trevor Shettron
  • Real Estate Investor
  • Oklahoma City, OK
81
Votes |
116
Posts
Trevor Shettron
  • Real Estate Investor
  • Oklahoma City, OK
Replied

I know 3 sources and I would recommend all 3!  Each is a little different but usually one will be able to handle your particular situation:

Red Dirt Lending, RMAC Lending and Kruger Investments

Give them all a call...

Loading replies...